Hedera (HBAR) Price Gains 32% Over Last Week, Is $1 Coming In 2024?
Highlights
- HBAR trading volumes surge by 1000% in the last three days.
- Technical indicators suggest that the Hedera price can 2x-3x over the next month.
- Analysts bullish that HBAR will make new all-time highs in 2024.
HBAR, the native cryptocurrency of the enterprise-grade blockchain network Hedera, has witnessed a strong surge of 32% over the past week. In the last 24 hours, the Hedera (HBAR) price is up by another 9$ moving past $0.11 with trading volumes shooting 26% above $300 million.
Hedera Price Bullish on All Technical Indicators
As per the crypto analyst Crypto Troll, the Hedera price is flashing bullish signs on several technical parameters. The analyst notes that the trading volumes for HBAR have surged by a staggering 1000% in the last three days indicating strong investors’ demand.
Crypto Troll (NOT!) also highlighted various technical indicators signaling bullish momentum for HBAR. In his tweet, he expressed confidence, saying, “I believe there’s a high probability that $HBAR will surge to $0.30 within the next 2-3 weeks. Indicators such as MACD, Stoch RSI, RSI, Williams %R, and Awesome Oscillator are all indicating an upward trajectory.”
Outlook for 2024
Analysts are quite bullish for Hedera as we proceed into 2024 with some also believing that the HBAR price will cross its previous all-time highs and reach $1 this year.
By 2025, the anticipated strategic partnerships are poised to play a crucial role in shaping HBAR’s path forward, offering the potential to expand its ecosystem and increase its utility across diverse sectors.
These partnerships are anticipated not only to widen HBAR’s scope but also to solidify its position as a frontrunner in the cryptocurrency space.
Hedera’s governance model and dedication to environmental sustainability add further strength to HBAR’s attractiveness. By tackling key challenges confronting blockchain technology, such as energy usage and effectiveness, Hedera demonstrates its leadership and progressive mindset.
Many crypto enthusiasts perceive HBAR as possessing robust long-term potential when compared to other networks. Attributes such as speed, security, and scalability are cited as key factors that set HBAR apart from competitors like SOL, FLUX, MINA, QUANT, and ALGO.
- LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus
- ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers
- USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
